The past 15 years have been eventful in the U.S. property market, from the foreclosure flood unleashed by the Great Recession, through the COVID-driven real-estate boom and period of rising interest rates, persistent inflation, and mixed signals from a struggling economy.
But within the turbulence and uncertainty, there are opportunities. The ongoing period of high inflation and rising living costs may lead to more foreclosures, short sales, and lender-owned properties (REO, or real estate owned) as lenders reclaim properties from buyers who could no longer meet their financial obligations.
